The financing and investing in green economy projects was the focus of the sixth Green Economy Annual Conference, which was held today (May 25) in Dubai.
Japan's Mitsubishi Corp and Tokyo Electric Power Co (Tepco) said on Monday they had won a contract to build a 300 billion yen ($2.5 billion) gas-fired power plant in Qatar, as Japan steps up investment in infrastructure in Asia.
Four ex-communist countries have signed a declaration of support for the construction of a gas pipeline across all four states that will ease dependence on energy coming from Russia.
Oil traded near $60 a barrel as companies in the U.S. reduced the number of active rigs by the slowest pace since a prolonged retreat in drilling that began in December.
Norway has overtaken Russia as western Europe’s top gas supplier, data from state firms shows, indicating the European Union’s drive to reduce its dependence on Russian energy is bearing fruit.
Cenovus Energy Inc has evacuated about 1,800 workers and shut down production at its Foster Creek oil sands site in Alberta as a precaution because of a nearby forest fire, the company said.
Iran is planning to bring three new petrochemical plants on-stream before the end of the current Iranian calendar year (ends March 20, 2016), an official says.